Hims & Hers Health (NYSE:HIMS) experienced a significant price move of 162% over the last quarter, a notable increase amidst a market environment where major indexes, including the Dow Jones and S&P 500, faced declines. This impressive gain for HIMS contrasts with the broader market, which has been relatively flat in the past week with an annual increase of 21%. While other companies like UnitedHealth faced challenges, including a DOJ investigation, HIMS's performance outpaced even robust sectors such as travel, exemplified by Booking Holdings' positive results. Unlike tech giants such as Nvidia and Microsoft, which saw price reductions, HIMS managed to capitalize on its unique market position. This performance highlights the company's potential appeal to investors, as earnings across many industries are expected to grow by 14% per annum in the coming years. The significant rise in HIMS's stock underscores its resilience and distinct trajectory amidst varying sectoral shifts.

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Over the past three years, Hims & Hers Health has delivered total shareholder returns surpassing 1200%, marking a remarkable period of growth. During this timeframe, the company transitioned to profitability, reporting a net income of US$75.59 million in November 2024 from a previous loss, and achieved revenue growth in its third quarter to US$401.56 million, a significant jump from US$226.7 million a year prior. Such financial enhancements have played a role in driving strong share performance.

Further supporting this trajectory, Hims & Hers raised its 2024 revenue guidance to between US$1.46 billion and US$1.465 billion, demonstrating confidence in continued growth. Additionally, the company expanded its product offerings with new initiatives like tailored weight loss solutions and GLP-1 injections, appealing to consumer demands. The company’s inclusion in the S&P 1000 Index in October 2024 also reflects its advancement. This blend of financial gains, product innovation, and recognition underpins the significant long-term returns witnessed.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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